Banks

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With a new entertainment venue on the horizon for the Banks, finding an available parking place on the riverfront is going to become even more important. Luckily, plans are underway for a new advanced signage system that will direct you to a specific spot.

Ann Thompson / WVXU

The Joint Banks Steering Committee has voted to find a developer for a new entertainment venue. In addition, the committee also has put out a Request for Qualifications (RFQ) for a possible master developer for the remaining undeveloped 15 acres of the Banks.

Sarah Ramsey / WVXU

Todd Portune wants to see more activity on the Banks. The Hamilton County Commission President doesn't just mean more people and business, but more participation in the development.

Ann Thompson / WVXU

GE's Global Operations Center at The Banks, which officially opens Tuesday, is expected to pump $1 billion into the Cincinnati economy by 2018. Cincinnati is one of four such regional centers (The others are in Mexico, Hungary, and China) where GE is attempting to simplify, speed up and become more focused for its customers worldwide by bringing together shared services.

For example new contracts that used to take many months to review and sign are finished in a matter of days or hours with digital contracts.

Jay Hanselman / WVXU

Another 710 parking spaces are coming to the Cincinnati riverfront with the completion of another piece of the infrastructure for The Banks project. Also included is a one city block extension of Race Street.

Cincinnati and Hamilton County officials gathered Thursday morning to officially cut the ribbon on Phase IIIA. The project cost $29.3 million and was funded with tax increment financing from phases one and two of The Banks. JobsOhio also contributed funds.

The Banks Public Partnership

Officials are breaking ground Tuesday on the latest portion of the Banks project. Phase IIIA is a 690 space parking garage.

Seal of Hamilton County
Provided / Hamilton County

Hamilton County Commissioners have removed the county administrator from economic development projects, and from anything related to the Banks, including Paul Brown Stadium and Great American Ball Park.

Bill Rinehart / WVXU

Second Street is closed between Vine and Main as crews install a curved piece of streetcar track.  Project Executive John Deatrick says it will be closed for two weeks because of the complicated nature of the construction.

“Traffic is difficult, but this is technically very difficult work,” Deatrick says.  “Putting in expansion boxes that allow the rail to slip back and forth against each other but yet keep the streetcar on the tracks when you pass over a bridge expansion joint.”

Those joints allow for expansion and contraction during hot and cold weather. 

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The owners of one of the first tenant restaurants at The Banks will be opening the newest eateries there.  The owners of the Holy Grail will open Santo Graal in March.

According to a press release from the Banks, Santo Graal is Italian for “Holy Grail”, and will offer classic Italian pasta, calzones, salads, desserts, and pizza.  It will be open for lunch and for dinner.

Provided, The Banks

Update 7/9/14 at 9:20am:  The concrete pours were delayed overnight.  Now rescheduled to begin (weather permitting) Thursday, July 10th at 1:00 a.m. and wrap-up by mid-morning.  Scheduled to be complete by Reds game start on Thursday 12:35 p.m.

Construction work on the next phase of The Banks project will shut down a section of Race Street early Wednesday morning.  The road will be closed between Freedom Way and Second Street from 2 a.m. until 10 a.m. Wednesday.  

Tana Weingartner / WVXU

Work is officially underway on the next phase of the Banks project.

Cincinnati Mayor John Cranley and Hamilton County Commission President Chris Monzel poured the first concrete pillar for expansion west of the Freedom Center.

Monzel calls the project a major economic driver for the region.

"We could yield a return on investment as high as 7-to-1," says Monzel. "To me that's a smart investment. That is a great ROI that will contribute to continue to strengthen our county  and our city."